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Mongolia H2 2026 Outlook: Oyu Tolgoi Leverage and Mining Reform Risks
H2 2026 Mongolia Outlook: Expert analysis on Prime Minister Uchral's economic liberation agenda, fiscal risks, and the Oyu Tolgoi negotiations.
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Economy and Mining
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Mongolia Budget Breaks the Fiscal Rules. Parliament Rewrites Them.
Mongolia budget spends 19.4% over parliament's ceiling. Auditors object, parliament rewrites the rules, inflation takes back November's rises.
9 hours ago
Why Mongolia’s Economy Is Growing Faster Than Its Tax Base
Mongolia’s economy grows 7.6% but masks a $608M budget deficit. Discover why booming mining exports fail to cover government spending costs and what lies ahead.
Sep 22
Mongolia Budget: Why Central Bank Raised Rates Ahead of Fiscal Debate
The Bank of Mongolia raised interest rates to 12.5% to signal fiscal restraint ahead of the upcoming Mongolia budget debate.
Aug 26
Rising Debts and Deficits Threaten Mongolia Economic Growth in New IMF Forecast
Mongolia economic growth forecast: deficits accelerating to 6.5% by 2031, debt to 62%. What the IMF communiqué won't explicitly say about copper and political risk.
Jul 22
Mongolia Prime Minister Uchral's 100 Days: Wins, Inflation, and Energy Risks
Mongolia Prime Minister Uchral marks 100 days in office amid rising inflation, Oyu Tolgoi talks, and looming winter energy risks.
Jul 20
Mongolia H2 2026 Outlook: Oyu Tolgoi Leverage and Mining Reform Risks
H2 2026 Mongolia Outlook: Expert analysis on Prime Minister Uchral's economic liberation agenda, fiscal risks, and the Oyu Tolgoi negotiations.
Jun 28
Mongolia Prime Minister Uchral Unveils His “Fair” Pension Reforms
Prime Minister Uchral’s new Mongolia pension reform eliminates past inequities and adds private savings, but a massive fiscal price tag risks long-term stability.
Jun 22
Why Mongolia’s VAT Refund Reversal Signals a Structural Budget Crisis
Mongolia’s government scraps the planned Mongolia VAT refund expansion to fund public sector wages. Discover the hidden structural risks behind this fiscal shift.
May 26
Mongolia Inflation 2026: Why Mongolbank's Policy Rate Can't Fix Structural Risks
Mongolia inflation hits 10% amid surging meat prices and fiscal spending. Discover why Mongolbank’s policy rate hikes fail against these structural risks.
May 25
Why PM Uchral’s Mongolia Deregulation Hides a Hardline Mining Strategy
Behind PM Uchral’s deregulation push lies a hardline Mongolia mining strategy. Inside Ulaanbaatar's shift to a 60% yield model for strategic deposits.
May 18
Spot the Opportunities. Navigate the Risks
Independent analysis of Mongolia's politics, economy and geopolitics risks. The essential weekly briefing for investors, policymakers, diplomats and anyone who needs to understand where Mongolia is heading.
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